The Asia Pacific Surgical Power Tools Market would witness market growth of 5.4% CAGR during the forecast period (2022-2028).
The occurrence of brain and spine tumors has also increased, which is thought to be a factor in the market expansion for surgical power tools. Depending on the tumor's kind, size, and location, surgery may be necessary for brain and spine tumors. Surgery may be employed to remove the tumor or relieve pressure on the brain or spinal cord. Radiation therapy or a tumor biopsy can be done with it. Drills and saws are surgical power tools used to access and remove brain tumors.
Using these instruments, a window can be made in the skull, giving the surgeon access to the tumor. The tumor and surrounding tissue are also sliced away using power tools. To make room for radiation therapy, the tools can also remove bone or other tissue. Hence, the increased incidence of brain and spinal tumors is thought to fuel demand for surgical equipment and boost market expansion.
The main competitors in the market for surgical power tools concentrate on improving motors, batteries, and ergonomics. For instance, the availability of surgical power tools from major market companies like Johnson & Johnson and Medtronic reduced the need for additional devices during surgery. Also, the presence of 18-volt devices in electric motors increases their power for use in crucial surgical procedures.
Road safety is a key development issue, a public health concern, and the most common reason for death and injury worldwide. According to the WHO, at least one of every ten road fatalities worldwide involves an Indian. According to the Indian government, there were 4,12,432 registered road accidents in the country in 2021, resulting in 1,53,972 deaths and 3,84,448 injuries. Around 67 percent of all accidental deaths occur between 18 and 45, the age group most affected by road accidents. In addition, the number of motor cars in China rose from 207 million in 2010 to 348 million in 2019, a 68.12 percent rise in ten years. This is expected to contribute to market expansion.
The China market dominated the Asia Pacific Surgical Power Tools Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $234.8 million by 2028. The Japan market is estimated to grow a CAGR of 4.8% during (2022 - 2028). Additionally, The India market would experience a CAGR of 6.1% during (2022 - 2028).
Based on Technology, the market is segmented into Electric Operated, Battery Operated, and Pneumatic Operated. Based on Application, the market is segmented into Orthopedic Surgery, Cardiothoracic Surgery, Spine & Neuro Surgery, and Others. Based on End User, the market is segmented into Hospitals, Clinics, Ambulatory Surgical Centers, and Others. Based on Product, the market is segmented into Surgical Drill, Surgical Saw, Accessories, Power Source, and Reamer. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Surgical Power Tools Market is Projected to reach USD 2.8 Billion by 2028, at a CAGR of 4.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Arthrex, Inc., B. Braun Melsungen AG (Aesculap, Inc.), ConMed Corporation, Johnson & Johnson, Medtronic PLC, Stryker Corporation, Zimmer Biomet Holdings, Inc., Nouvag AG, American Precision Industries, Inc. (Altra Industrial Motion Corp.), and GPC Medical Ltd.
By Technology
By Application
By End User
By Product
By Country
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